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Search Results 0 to 49 of about 126 (some duplicates have been removed)
the same way by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about th
basically extended the bush tax cuts for those under $450,000, modified the state tax, moved the capital gains rate up to 20%, was that a good or bad deal for the american people? >> we don't know yet because what we did is half of the budget. the tax cut part of the budget. we didn't do how to pay for it part of the budget. the problem that we have gotten ourselves in to is people trying to do budgets as if the taxes and spending are unrelated. they keep talking about reducing the size of government with unspecified cuts or to spending problem, not a taxing problem. but when you try to pin people down on numbers, you find out that what they're talking about is spending too much money on social security, medicare, head start, transportation or even embassy security. if you look at the budget last couple of years, embassy security was being cut so when they talk about these cuts, without specifying them, you're not really doing a budget. we passed -- we passed a -- almost $4 trillion tax cut without an indication of how to be paid for. now we have the sequester kind of hanging over our he
. >> fox news lart. issue of americans moving tons avoid paying higher taxes. golfer phil mickelson recently complained about paying higher taxes and said he may move elsewhere but apologized or admitting that. tiger woods moved to florida who has no state income tax. states with the higher taxes are among those seeing their populations decrease. the high rates are in orange while states with owe over head are seeing population growth some of those are in green. simon rosen burg who is president and founder of a think tank advocacy organization. a fellow at the american enterprise institute and former speech riert for president george w. bush. if you look at what's happening in the state eliminating their state income tax or lowering their state income tax it is remarkable for those choosing the opposite route. >> that is exactly right. what the democrats don't seem to understand is taxes effect behavior. wh when you have a situation in high tax states like california like the tax policies have become compensatory it's not just phil mickelson and tiger woods. the state of california
if they pass a a criminal background check, pay a fine and back taxes and learn english. but they would have to get the back of the line for citizenship-- a process that would only start once border security has been improved with more agents and more drones. in 2007, republicans brought down a similar plan arguing it amounts to amnesty. but arizona's john mccain who championed reform then and nowpi says he senses a major shift among his g.o.p. colleagues. >> you look at the demographics of this country and the rising hispanic population, we're not going to win races. >> reporter: you've tried so many times to pass immigration reform. what gives you confidence this time will be different? t >> times have changed; americanses have changed; elections have changed and i'm not saying it's going to be easy and i'm not saying we're going to be succeed this time but i think the chances are better than they've ever been. >> reporter: he and the other senators say they hope to put this plan into legislation that can be voted on in the senate by spring but, scott, already today a handful of republican
may boost taxes, but taxpayers could be slapped with an even bigger bill. we will hear from the other side of this tomorrow. but to the center for immigration studies, now, steve, tell us, it is going to cost a lot of money to alout -- by the way, can i take a step back, are we agreeing it's 11 million? i have heard as high as 20 million. but 11 million is the number. how much is this going to tax. >> i do think it's 11 million. i am a demongraphy and i do focus on this. they are not lazy and came to get welfare. we think a major came as adults and hadn't graduated the equivalent of high school in their own country. 25 to 30% had only a high school education. so with legalization, they're still going to make wages commensurate with modest levels of education, which means they won't pay much in taxes and workers like that, especially when you look at legal immigrants, they tend to use a lot in social services, about half of all legal immigrants with a high school education, those households access the welfare system. >> tell us how they do that i. that's legal immigrants. >> so in othe
, then that voting bloc isn't going to listen to you on education, on taxes, on any of this stuff. that's what's going on. >> so that's the issue. >> what do democrats get out of it? why are they pushing it? >> hispanics have been demanding something on this, and at some point -- >> but do they want the teeth, the tough requirements of worker verification? do they want the tough part of the bill? >> i think -- yes, because if you actually go to places like arizona and new mexico, and i have seen surveys of hispanic-americans, hispanic-american citizens who say second, third, fourth generation, saying i did it legally. these folks should have to do it legally. i think that there is a -- >> i just don't hear that from the latino groups. >> no, they -- >> i don't hear the interest groups pushing for real teeth. let's take a look at the president today. >> the interest groups aren't. i'm talking about rank and file hispanic-americans. >> that's positive. let's look at what he had to say. he came out for what he calls comprehensive immigration reform. it was at a speech in las vegas. he said the bi
of any felony charges. they must pay any fines and any back taxes. there is a requirement to learn english and american civics over the course of the next several years. after passing these benchmarks, an undocumented immigrant will be granted legal working status. they will be issued green cards on the condition of the border being made secure. i'm a little confused on exactly how that works. we'll get to it in a moment. reform advocates hope the involvement of republican senator marco rubio will bring nervous conservatives along. in the house, speaker john boehner says he remains optimistic in legislation moving forward. republican congressman mario diaz-balart says he has been working with democrats in his chamber. >> we've seen that the speaker has said he wants to get it done. we've seen what the minority leader says that they want to get it done. here is the good news. a group of us have been ready for years. we've worked out most of the complicated details. you know the devil is in the detail. well, we've dealt with that devil. now it's an issue of just filing legislation an
say the payroll tax hike that people felt this year may slow the current quarter's growth. >> where it will have an impact is on retail sales in january, february, those could come in a bit soft as people start to respond to the fact that the income isn't as high as they thought it would be. >> nigel gault says the latest gdp report doesn't suggest the trend but taking the last two reports together is a clearer picture of the economy. >> average the two, we are around 1.5%. i think that is the pace we were showing in the second half of the year. it's recovery. but it's soft. >> gault says most private spending categories like housing for example, did better in the fourth quarter than the third. he expects positive growth this year and not a slide in a recession. bret? >> wendell goler live on the north lawn. thanks. let's bring it home now. what does it mean for you and your family? fox business news anchor melissa francis is in new york with answers perhaps. good evening, melissa. >> reporter: good evening, bret. it means if you thought the economy felt worse than the politicians e
to undergo a background check and pay a fine and back taxes before gaining legal status in the united states. all that is contingent on securing borders. the proposal provides for increased use of drones, more personnel and improved infrastructure and it would create an employment verification system and improve the process for admitting needed workers. cnn chief congressional correspondent dana bash and cnn chief white house correspondent jessica yellin are working the story. dana, the tone was pretty optimistic up on capitol hill today. >> it sure was but, you know, we have seen this movie before, you and i, wolf, and a lot of other people watching this issue go kind of up and down with the partisan wins. but this is something that is different this time. because of something very simple. and that is what happened in the last election to republicans. particularly mitt romney with the latino voters. he lost big time. and that's why when i asked senator mccain and others who were standing right here where i'm standing, half a dozen years ago, why this is different, that's why they answered t
and pass a background check. you would be required to do that if you're illegal. pay a fine and back taxes. earn probationary legal status. learn english. continue to pay taxes. show work history and then get a green card and then apply for citizenship. effectively you would go to the back of the line. so this is a bipartisan effort. remember, some of these commissions have come together in the past, in the last four years, specifically about the debt and the president hasn't necessarily taken on the plan that they have come up with. so this will be really important to see if it actually works. >>brian: a really important provision, skills valued. we've got engineers out there, computer technology experts, people when they have skills -- for example, if they train at american universities, they would get a priority. this is what microsoft and you always heard apple saying. we need more engineers in this country. why are we training them and letting them go back home? let's give them u.s. status or a green card. marco rubio talks about a plan. >> before we can move towards a path for green
that individuals should pay their back taxes, learn english, and pass a background check. all of which has been part of john mccain's plan for quite some time. bill: the numbers on the current state of immigration in the u.s., they are truly staggering. there are roughly 11 million immigrants here in the u.s. illegally. that is down from the record of more than 12 million five years ago. the vast majority, 80%, come from mexico and latin america. in 2012, last year alone, more than half of all those facing deportation were convicted criminals. martha: some new information right now on what could mark a dramatic reversal for the boy scouts of america and its over 3.5 million youth members and adult volunteers. the iconic american scouting group founded 103 years ago next month is now discussing ending its ban on gay members. doug mckelway is live in our d.c. bureau. doug, when can we expect a decision on this? >> reporter: martha, it could come as early as next week. the proposed change would end the nationwide ban on homosexuals joining the ranks of scouts and scout massers. it would allow indi
on the big tax hike that congress passed a few weeks ago. it was supposed to target the rich. but as we have reported the tax increase actually affected all three quarters of the united states. now we are learning it has affected so many middle class americans that consumer confidence is slipping. fox business network elizabeth mcdonald is here. >> this comes from the conference board consumer index. it's a really important index. the federal reserve tracks it economists on wall street track it. it did take a sharp drop in january. all of the positive gains in the index in 2012. what the top officials are saying is that consumers are more pessimistic about their financial situation and they are attributing it to the hike in the payroll tax. it has undoubtedly dampened consumer spirits us. the payroll tax was reinstated recently. what the board is saying is it may take a while for confidence to rebound. the conference board for consumer confidence is one of the leading economic indicators. the confidence drop comes despite the improvement in the housing market despite the fact that auto sales
that you are now in. they are blaming other people. later tonight, it's bad enough that your tax dollars are being used to arm egypt with f-16s and tanks. we are watching the defense ministers now that the destination on the brink of collapse. what in fact is obama's plan on that issue and where are those f-16s going to end up. michelle malcom will sound off straight ahead. ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. marie callender'
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four years and you see higher taxes, class warfare radical wealth redistribution, socialized medicine, unprecedented spending record breaking deficits and debt. you say of course this is the logical results of all of those policies. it's not a big mystery here. they a >> they are also pointing to this effect of gridlock in washington and some people may be freaked out by higher taxes. there's a question of whether there is any will in washington to make anything meaningful happen on the questions of spending and our budget which we haven't had in four years now. we don't have a budget. senator mary landrow dismissed diskri discretionary spending. >> i am not going to keep cutting the discretionary budget, which by the way is not out of control despite what you hear on fox news. >> it doubled since 2000. >> why she says stuff like that i don't know. i guess she gets extra brownie points and a pat on the head or attacking fox news. our spending is out of control, the argument see should have made is that our immediate problem is dealing with jobs. attacking the deficit right now isn't g
believe that latinos receptive to how we view family values and receptive to viewing the issue of taxes. we believe that latinos receptive to sort of how we view the idea of social values and social justice and the church and whatnot. so i for from the conversations i have had i think there's more this idea to either try two ways which is, you know, deny, deny, deny, deny and hold on to the bitter end or embrace and sort of reform ourselves and the party and a chance to live longer and you see guys like rubio involved with this, you have guys like boehner in leadership, i'm sure mcconnell at the end of the day. the folks with a long-term vision. recantor talked about the idea of the folks that get graduate degrees in the united states and not able to keep the visas? we need more high-skilled workers and enough of those folks within the republican party that want to see this, move it forward because they believe that their brand can appeal to the latino group and some day make them republican voters, consistently. >> raul, let's bring you back in. i noticed there's two group of people si
the debt, they would have been eager to let all the bush tax cuts expire. the cbo has shown that if we did that, debt as a share of the economy would fall to half in the next ten years. and if we were to leave the bush cuts in place, it would double. so, no, they're not serious about cutting deficits. they're serious about continuing to pose as the party of tax cuts for the rich. >> and i want to point out that just about an hour after we got the report on the gdp, senate minority leader mitch mcconnell gave this warning about government spending. here it is. >> this, my colleagues, is the europeanization of america. this is the pathway to greece. >> really? your thoughts on that. >> well, there is one way that we are on a pathway to greece. in greece they do not have an effective tax system, and people cheat left and right. we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all gov
raise taxes. you have to, at some point, you have to get your fiscal house in order and that means cuts to some of these entitlement programs. >> no it does not. when you talk about getting your fiscal house in order, that's correct, but our republican friends forget to mention that at 15.8%, revenue compared to gdp, that is the lowest percentage in 60 years. when clinton gave us a balanced budget, revenue was about 20%. we have one out of four corporations, profitable corporations not paying a nickel in taxes in america. the effective corporate tax rate today is the lowest it's been since 1972. of course republicans want to cut social security, medicare, medicaid. but i think it is time for large corporations who are not paying a nickel in taxes to start paying their fair share. >> i want to ask you about your vote yesterday on filibuster reform. you voted no. you don't think it goes far enough. why? and is getting something done better than nothing? >> yeah, i think getting something done and making the senate a little more efficient is better than nothing. but at the end of the day,
a probationary status, they would have to register with the federal government, pay a fine and back taxes and pass a background check to make sure they don't have a criminal background, violent history. to gain permanent residency, individuals would have to pay more fine, demonstrate a work history and current employment and they'd have to go behind the back of the line behind every lawful green card applicant. it provide for immigrant who is came to the u.s. as children and those who are agricultural workers. they do not have to go back to their home country. the most important i kquestion be answered, do knows who are dead set against amnesty believes this is amnesty under another name. >> i'll give you a little straight talk. look at the last election. look at the last election. we are losing dramatically the hispanic vote, which we think should be ours for a variety of reasons. >> senator menendez said after a handful of meeting the senators agreed a pathway to citizenship must be part of any comprehensive plan. >> having a pathway to earned legalization is an essential element and i
immigrant haves to pass a background check, learn english english, pay back taxes and fines and then go to the back of the line of immigrants to become americans. this is very similar to what the white house has been pushing but will conservative republicans and voters think this program is amnesty and refuse to support it? it was a contentious of the presidential campaign and the die outchotomy defined not just the parties but the candidates. tomorrow the president heads to las vegas. here's a preview from his inaugural address. >> our journey is not complete until we find a better way to welcome the hopeful, striving immigrants who still see america as a land of opportunity. until bright young students and eng neerls are enlisted in the workforce rather than expelled from the country. >> let's start with luke rus effort on the hill. what are you hearing this time about what people on the hill are saying about this bill? kit get through? >> reporter: well, there's sort of two cliche things from capitol hill today, toure. number one, renewed optimism around the legis
to pay tax. when he spoke today in las vegas, he said they need to pay tax. when he spoke in el paso, he said they will need to pay a penalty. when he spoke in el paso, he said they would need to pay a fine. so penalty changed to fine. but other than that, yeah, the whole diagnosis of the problem, the whole proposal for how to fix the problem, the economic and social argument for why we need to fix the problem is the exact same for president obama today as it was in 2011. and frankly, that it was before that from him. what has changed is his political assessment, that what he wanted for the country before but he could not get, now he is going to get. now it is possible. policy-wise, he has stayed in exactly the same place for all of this time. what has moved is the republicans. >> now the good news is that for the first time in many years, republicans and democrats seem ready to tackle this problem together. at this moment, it looks like there is a genuine desire to get this done soon. and that's very encouraging. but this time action must follow. i'm here today because the time has come
and -- well that's easy ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> massachusetts governor duvall patrick has named a place holder to fill the senate seat of john terry. he'd be the second african-american in the senate. tim scott of south carolina, another appointee is the other. it's the first time in history that two african-americans have served in the senate at the same time. in selecting cowan, governor patrick passed over former congressman barney frank who openly lobbied for the job. cowan will serve until april 30th when massachusetts voters will choose someone to fill out the remainder of kerry's term. we'll be right back. stand. our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877
checks, paying taxes and a penalty, and learning english. a solution has alluded past presidents, including george w. bush. >> congress' failure to act is a disappointment. >> reporter: president obama said that some undocumented young immigrants would stop. but he was taken to task at a town hall for not doing more. >> a promise is a promise, and with all due respect, you didn't keep the promise. >> what i promised, i would work every single day as hard as i can to mange sure that everybody in this country, regardless of who they are, what they look like, where they come from, they would have a fair shot at the american dream. >> still, hispanic americans, the country's fastest growing voting bloc, helped propel obama to a second term. wakeup call for republicans. >> a lot of democrats want to solve this problem, fix this mess, broken immigration system and many of us agree with that. >> and you saw that yesterday on the hill. senate democrats and republicans, unveiling the bipartisan plan and brooke and john, another interesting thing. senate majority leader harry reid, where p
aren't blaming the tax hikes they just pushed through. no. something else. >> our economy is facing a major headline which goes to your point, and that's republicans in congress. >>steve: darned republicans. democrats' plan? print more money. brian. >>brian: make way for the future site of the obama library. but first we need to get ronald reagan's childhood home out of the way. break out the bulldozer. "fox & friends" starts tphoufplt >>gretchen: good morning. usually when we come in in the morning, we all have our own ways of preparing for the show. unfortunately i have to spend a little bit more time in hair and makeup. and during that time is when i start looking at the news papers, the hard-core ones, not on my ipad. i have to say i was a little shocked at the front cover of the new york post this morning when it hit my lap. that one right there. dan marino, we all know over at cbs sports, hall of fame quarterback with the miami dolphins, probably the best quarterback to not win a super bowl. now revealed he has a seven-year-old love child that has been kept secret all this tim
Search Results 0 to 49 of about 126 (some duplicates have been removed)